Economic Policy and Productive Performance

Vani Borooah

Chapter 3 in Growth, Unemployment, Distribution and Government, 1996, pp 22-29 from Palgrave Macmillan

Abstract: Abstract The first chapter argued that it was only through rapid productivity growth that a country could aspire to become a high real wage economy, producing products that embodied large amounts of value added.1 This chapter builds on this observation by considering ways and means for improving productive performance; however, before doing that it sets the context for the discussion on policy by examining the size of the productivity gap (expressed in terms of differences in productivity levels) that exists between some of the industrialised countries.2

Keywords: Exchange Rate; Productivity Growth; Purchase Power Parity; Investment Fund; Short Time Horizon (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37300-6_3

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DOI: 10.1057/9780230373006_3

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